DFVE vs. EMTY
DFVE (Doubleline Fortune 500 Equal Weight ETF) and EMTY (ProShares Decline of the Retail Store ETF) are both exchange-traded funds - DFVE is a Large Cap Blend Equities fund tracking the Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross, while EMTY is a Inverse Equities fund tracking the Solactive-ProShares Bricks and Mortar Retail Store Index (-100%). Both are passively managed. Over the past year, DFVE returned 23.82% vs 1.60% for EMTY. At a correlation of -0.75, they often move in opposite directions. DFVE charges 0.20%/yr vs 0.66%/yr for EMTY.
Performance
DFVE vs. EMTY - Performance Comparison
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Returns By Period
In the year-to-date period, DFVE achieves a 10.31% return, which is significantly higher than EMTY's 1.09% return.
DFVE
- 1D
- -0.48%
- 1M
- 2.49%
- YTD
- 10.31%
- 6M
- 10.69%
- 1Y
- 23.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMTY
- 1D
- -0.32%
- 1M
- 1.81%
- YTD
- 1.09%
- 6M
- 3.80%
- 1Y
- 1.60%
- 3Y*
- -4.69%
- 5Y*
- -2.87%
- 10Y*
- —
DFVE vs. EMTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DFVE Doubleline Fortune 500 Equal Weight ETF | 10.31% | 14.51% | 13.70% |
EMTY ProShares Decline of the Retail Store ETF | 1.09% | -1.76% | -5.61% |
Correlation
The correlation between DFVE and EMTY is -0.73, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2024 | -0.75 |
The correlation between DFVE and EMTY has been stable across timeframes, ranging from -0.75 to -0.73 - a consistent structural relationship.
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Return for Risk
DFVE vs. EMTY — Risk / Return Rank
DFVE
EMTY
DFVE vs. EMTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Doubleline Fortune 500 Equal Weight ETF (DFVE) and ProShares Decline of the Retail Store ETF (EMTY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DFVE | EMTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.03 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 0.11 | +2.96 |
| Martin ratioReturn relative to average drawdown | 10.92 | 0.20 | +10.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DFVE | EMTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 0.09 | +1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | -0.43 | +1.52 |
Drawdowns
DFVE vs. EMTY - Drawdown Comparison
The maximum DFVE drawdown since its inception was -19.43%, smaller than the maximum EMTY drawdown of -77.62%. Use the drawdown chart below to compare losses from any high point for DFVE and EMTY.
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Drawdown Indicators
| DFVE | EMTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.43% | -77.62% | +58.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | -14.00% | +6.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.83% | — |
Current DrawdownCurrent decline from peak | -0.48% | -74.77% | +74.29% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -54.01% | +51.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 8.11% | -5.92% |
Volatility
DFVE vs. EMTY - Volatility Comparison
The current volatility for Doubleline Fortune 500 Equal Weight ETF (DFVE) is 2.98%, while ProShares Decline of the Retail Store ETF (EMTY) has a volatility of 6.00%. This indicates that DFVE experiences smaller price fluctuations and is considered to be less risky than EMTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFVE | EMTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 6.00% | -3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 12.40% | -3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 17.71% | -4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.56% | 22.36% | -6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 25.67% | -10.11% |
DFVE vs. EMTY - Expense Ratio Comparison
DFVE has a 0.20% expense ratio, which is lower than EMTY's 0.66% expense ratio.
Dividends
DFVE vs. EMTY - Dividend Comparison
DFVE's dividend yield for the trailing twelve months is around 1.37%, less than EMTY's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DFVE Doubleline Fortune 500 Equal Weight ETF | 1.37% | 1.52% | 1.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMTY ProShares Decline of the Retail Store ETF | 3.45% | 3.83% | 6.00% | 4.41% | 0.65% | 0.00% | 0.07% | 0.82% | 0.62% | 0.03% |
Frequently Asked Questions
DFVE and EMTY have a correlation of -0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMTY has higher volatility (6.00%) compared to DFVE (2.98%). In terms of maximum drawdown, DFVE dropped -19.43% vs EMTY's -77.62%.
On 1-year performance, DFVE leads with 23.82% vs 1.60% for EMTY. On fees, DFVE is cheaper at 0.20% per year. On volatility, DFVE has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DFVE has performed better with a 23.82% return vs 1.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFVE is cheaper with a 0.20% expense ratio, compared with 0.66% for EMTY.
EMTY has the higher dividend yield at 3.45%, compared with 1.37% for DFVE.
DFVE is categorized as Large Cap Blend Equities, while EMTY is Inverse Equities. DFVE tracks Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross, while EMTY tracks Solactive-ProShares Bricks and Mortar Retail Store Index (-100%). They also come from different issuers: DoubleLine and ProShares. Their fees differ too: 0.20% for DFVE and 0.66% for EMTY.
DFVE currently has the higher Sharpe Ratio (1.88 vs 0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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